#FTCBTC
#INFO
After the volume explosion FTC/BTC showed rising lows and "respect" to the support level 0.00001628, however at that moment asset is better not to buy.
The price is in the "sales zone", where the price has repeatedly declined, and the purchase of assets "right now" has the risk of being at the maximum.
In this situation, we can considering three scenarios:
1) The price breakout from the past maximum (zone 0.0000400) will indicate the presence of an upward movement and in this situation it is better to catch price on the test of level.
2) Before breakout, price decides to roll back to the nearest support level (0.00002424) and here we can place a buy order.
3) If coins do not have enough power for a straight exit from the side movement - a situation with a false breakout of the last lows (0.00001628) is possible.
#INFO
After the volume explosion FTC/BTC showed rising lows and "respect" to the support level 0.00001628, however at that moment asset is better not to buy.
The price is in the "sales zone", where the price has repeatedly declined, and the purchase of assets "right now" has the risk of being at the maximum.
In this situation, we can considering three scenarios:
1) The price breakout from the past maximum (zone 0.0000400) will indicate the presence of an upward movement and in this situation it is better to catch price on the test of level.
2) Before breakout, price decides to roll back to the nearest support level (0.00002424) and here we can place a buy order.
3) If coins do not have enough power for a straight exit from the side movement - a situation with a false breakout of the last lows (0.00001628) is possible.